There are always cool new start-up companies in the organic, collaborative workspace at NGIN Workplace. A new company that recently started their NGIN is Cangrade.
We spoke with Jim Kim, Account Executive at Cangrade, about the product. To put it simply, Cangrade is an “all-in-one, online tracking tool that provides both assessments and skills testing,” said Kim. “It’s all about saving HR time and money, helping them to avoid making a bad hiring mistake that will cost them.” Cangrade is unlike anything in the marketplace has ever seen before. In short, the online tool, developed by Cangrade’s on-staff team of Harvard University psychology researchers and data scientists, is a sophisticated personality assessment screening tool that can predict the likelihood of success in every potential new hire.
The test analyzes 40 different character traits of every applicant, such as an individual’s level of precision, leadership, ability to handle pressure, and other “soft” skills which are not so easily discernible from traditional screening methods such as resume scanning, background checks, college GPA, and structured interviews.
In fact, it’s these traditional applicant screening methods most companies are using to hire that may lead to costly hiring mistakes. “What Cangrade does is giving employers the best chance of making the best possible hiring decision using in-depth information about each potential hire’s personality and likelihood to be successful in the job.”
The result: employers now have an in-depth look into the potential for success in every applicant, which leads to higher quality candidates, better hiring decisions, and significant reduction in employee turnover.
Cangrade began working at NGIN Workplace in August, joining the energetic community of entrepreneurs. Graduating from the spring 2014 Techstars Boston class, Cangrade needed a new co-working space. Gershon Goren, CEO and founder of Cangrade had met Olga Akselrod, CEO of NGIN Workplace at the Techstars Boston demo day event. After meeting, Cangrade was interested in NGIN Workplace and took a tour.
“We were very impressed with the workspace and decided that NGIN Workplace would be a perfect fit for Cangrade,” said Kim.
Kim and the Cangrade team expressed their overwhelming satisfaction in working at NGIN.
He said it’s a great community to meet other startups, creating a dynamic atmosphere. “It’s a really nice workspace to show up to every day and do our jobs,” said Kim. “I love the phone booths because they are a relaxing and quiet area to make phone calls. Also, the food provided in the kitchen is healthy and delicious.”
The Cangrade system combines a world-class Applicant Tracking System (ATS) hiring platform with the key features and intuitive, user-friendly design that HR professionals and managers need to efficiently organize their applicants and make hiring decisions.
The seeds of Cangrade were planted by Cangrade’s co-founder Steven Lehr, an associate researcher in the Department of Psychology at Harvard University. Lehr proposed the idea that there was a correlation between personality traits and job proficiency. Out of this idea, Lehr and Goren crafted a platform that promises simplicity combined with sophisticated predictive analytics to give employers a breakthrough solution to the challenges of finding high potential candidates among job applicants. The platform is easy to use, cost-effective for companies of all sizes, and saves boatloads of time for HR departments during the applicant screening process when hundreds of thousands of potential applicants are vying for positions.
But what exactly is the test looking for?
“It really depends on the position an employer is looking to fill,” said Kim. “Cangrade provides 11 different types of assessments tests—everything from sales to services, executive level jobs to technical and more… the system determines the critical personality traits needed for the position depending on both the job you’re hiring for and the requirements of the job.”
In doing this, Cangrade effectively “transforms” the hiring process by allowing a thorough screening of each potential employee before they are hired. By having candidates take this test beforehand, companies are able to have a better sense of who they are hiring, what the candidate’s skills are, and most importantly, how well they perform in the specific job position.
However, the Cangrade program is so refined it leaves some businesses asking: ‘Do we have to be a big company to use this program?’ Kim expressed that the answer is no.
“As long as you have a position to fill, it doesn’t matter what size company you are—we say that [Cangrade] is agonistic in that approach,” said Kim. “It’s the job itself that matters, not the size of the company.” Cangrade’s modern hiring platform is created by their structure called CAP that makes hiring easier and faster. When looking at a pool of potential candidates the CAP automatically analyzes crucial information and automatically gives every candidate a grade in a matter of seconds according to the specific job title. Each letter represents a valuable asset to improving the way you should hire new employees.
The C stands for Candidate
Cangrade believes the most important quality to your company is the people. This means that hiring the right employee is crucial to your company’s success. In order to hire the most talent, it is vital to find the candidate that is your perfect recipe of personality traits, motivators and skills for your job opening.
The A stands for Assessment
Cangrade’s pre-employment assessments are built with groundbreaking technology. This state-of-the-art assessment is based on millions of data-points from over 200,000employees. A team of top psychologists, professors and subject matter experts were assembled specifically by Cangrade to collect many of the data points.
The P stands for Platform
Traditional hiring platforms focus solely on gathering information about potential candidates; Cangrade focuses on gathering information and doing something with it.
As refined as the system is, an important and common question encountered by Cangrade is simply: “Is it possible for someone to cheat the system while taking this test?” However, the designers of Cangrade have already targeted this problem: “Our assessments were built knowing that you’re applying for a job and want to present yourself in the most favorable light,” said Kim.
Kim expressed that the test has a total of 150 questions that were all created to fit both the position and the test taker. The questions are tailored and repeat themselves on a different scale. For instance, a question that was asked earlier in the test may be asked another way later on, thereby monitoring for inconsistencies and over compensation of skills.
Kim explained that this monitoring system ensures there is no cheating the system. If you’d like to learn more about Cangrade and how it can improve your company, visit www.cangrade.com/product.
Hire better with Cangrade and collaborate with them at NGIN Workplace.
– Doug Robichaud, NGIN